---
schema_version: "secwatch.filing_event.v1"
accession: "0001364954-25-000049"
form_type: "8-K"
ticker: "CHGG"
cik: "0001364954"
company_name: "CHEGG, INC"
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:16:23.365539+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Chegg Q1 revenue down 30% to $121.4M, initiates restructuring cutting 22% of workforce

## Summary
- Total revenue $121.4M (-30% YoY); subscription revenue $107.6M (-30%); subscribers fell 31% to 3.2M.
- Net loss $17.5M; adjusted EBITDA $19.3M; non-GAAP net loss $6.7M.
- Restructuring cuts 248 employees (~22%); expects charges of $34-38M, mostly cash.
- Annualized non-GAAP cost savings of $45-55M in FY2025 and $100-110M in FY2026.
- HQ lease termination saves $5.3M; no rent July-Dec 2025; strategic alternatives process ongoing.

## SEC filing metadata
- accession: 0001364954-25-000049
- form_type: 8-K
- ticker: CHGG
- cik: 0001364954
- company_name: CHEGG, INC
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364954/000136495425000049/0001364954-25-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364954/000136495425000049/chgg-20250512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364954-25-000049
- JSON: https://secwatch.observer/filing/0001364954-25-000049.json
- Plain text: https://secwatch.observer/filing/0001364954-25-000049.txt

## Key facts
- Restructurings & Charges
  CHEGG, INC announced a restructuring with charges of approximately $34 million to $38 million (248 employees, or approximately 22% of our current workforce).
  - Type: restructuring
  - Charge: approximately $34 million to $38 million
  - Headcount: 248 employees, or approximately 22% of our current workforce
  source text: with ongoing industry challenges that are negatively impacting our business, including a decline in our traffic. We estimate that we will incur charges of approximately $34 million to $38 million in connection with these actions, of which $31 million to $35 million is expected to result in future cash expenditures, primarily consisting of expenditures for
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364954/000136495425000049/0001364954-25-000049-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.